MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Phillips 66’s common stock is traded on the New York Stock Exchange under the symbol “PSX.” At January 31, 2024, the number of stockholders of record of our shares was 28,817.
+Added: Phillips 66’s common stock is traded on the New York Stock Exchange under the symbol “PSX.” At January 31, 2025, the number of shareholders of record of our shares was 27,494.
Performance Graph
−Removed: The above performance graph represents cumulative total stockholder return, which assumes reinvestment of dividends, of a $100 investment in our common stock, our self-constructed peer group for the year ended December 31, 2023 (the Peer Group) and the S&P 500 Index, for the five years ended December 31, 2023.
+Added: The performance graph above shows the cumulative total shareholder return (TSR) of Phillips 66 common stock for the five years ended December 31, 2024, which assumes a $100 investment in our common stock on December 31, 2019, and reinvestment of dividends.
+Added: The graph also compares our cumulative TSR against (i) our self-constructed Peer Group (defined below) and (ii) the S&P 500 Index, in each case upon the same assumptions for the same period.
We evaluate our Peer Group on an annual basis and believe the Peer Group closely aligns with our size and lines of business.
+Added: Our Peer Group is weighted according to the respective issuers’ stock market capitalization at the beginning of each period for which a return is indicated.
The Peer Group consists of CVR Energy, Inc.;
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Additionally, HollyFrontier Corporation was included as a peer for periods prior to its acquisition by HF Sinclair Corporation in March 2022.
−Removed: Index to Financial Statements
Issuer Purchases of Equity Securities
−Removed: On October 25, 2023, our Board of Directors approved a $5 billion increase to our share repurchase authorization.
−Removed: Any future share repurchases will be made at the discretion of management and will depend on various factors including our share price, results of operations, financial condition and cash required for future business plans.
Millions of Dollars
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Shares of stock repurchased are held as treasury shares.
−Removed: Index to Financial Statements
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.